Answer All Questions (I will grade any two of them) Show all your work (use of formula, etc.) in solving the problems. You still need to show your work even if you use the financial calculator to get the answers. Fleury, Inc. 2019 Income Statement Sales Costs Depreciation expenses Other expenses EBIT $ 891,600 693,600 8,240 10,000 $ 179,760 13,400 $ 166,360 58,226 $ 108,134 Interest Paid Taxable income Taxes (35%) Net income Dividends Addition to retained earnings $ 35,684 72,450 Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Fleury, Inc. Balance Sheet as of December Liabilities and Owners' Equity 2018 2019 2018 2019 Current liabilities 23,180 $24,280 Accounts payable 62,680 $65,200 38,450 37,070 Notes payable 15,380 16,320 85,720 83,400 Total $78,060 $81,520 $147,350 $144,750 Long-term debt 175,000 $155,000 Owners' equity 350,000 $396,500 Common stock and paid-in surplus 142,010 $130,000 Retained earnings $ 102,280 $ 174,730 Total $244,290 $304,730 $497,350 $541,250 Total liabilities and owners' equity $497,350 $541,250 Total assets 1. Use the financial statements above for Fleury, Inc. and answer the following questions. (i) Find Fleury's cash flow from assets for 2019 by finding its operating cash flows, net capital spending, change in net working capital. (ii) What are the Fleury's cash flow to creditors and cash flow to stockholders (calculate)? Interpret the positive and negative signs of your results in (i) and (ii)